South Dakota Statutes
§ 55-8-6 — Assignment of security by fiduciary--Compliance with controlling instrument and law governing fiduciary relationship assumed.
South Dakota·Title 55 FIDUCIARIES AND TRUSTS·Ch. 55-8 REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES
Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary may assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer.
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South Dakota § 55-8-6 (Assignment of security by fiduciary--Compliance with controlling instrument and law governing fiduciary relationship assumed.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1961, ch 22, § 3 (2).
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